Spectral AI, Inc. (NASDAQ:MDAI) Short Interest Update

Spectral AI, Inc. (NASDAQ:MDAI) saw a significant decrease in short interest during the month of December. As of December 15th, there was short interest totalling 1,000,000 shares, a decrease of 66.8% from the November 30th total of 3,010,000 shares. Based on an average daily volume of 1,950,000 shares, the short-interest ratio is currently 0.5 days. Approximately 9.8% of the company’s stock are sold short.

Spectral AI Stock Up 15.6 %

Spectral AI stock traded up $0.38 during midday trading on Friday, hitting $2.81. 4,656,537 shares of the stock were exchanged, compared to its average volume of 1,188,393. Spectral AI has a 52-week low of $0.82 and a 52-week high of $3.72. The business’s 50-day moving average price is $1.63 and its 200-day moving average price is $1.55. The stock has a market capitalization of $52.23 million, a price-to-earnings ratio of -4.32 and a beta of 0.64.

Hedge Funds Weigh In On Spectral AI

A hedge fund recently bought a new stake in Spectral AI stock. Forum Financial Management LP bought a new position in shares of Spectral AI, Inc. (NASDAQ:MDAI) in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 29,098 shares of the company’s stock, valued at approximately $51,000. Forum Financial Management LP owned 0.17% of Spectral AI as of its most recent SEC filing. 67.08% of the stock is currently owned by institutional investors and hedge funds.

About Spectral AI

Spectral AI, Inc, an artificial intelligence (AI) company, focuses on developing predictive medical diagnostics in the United States. The company develops medical diagnostics for faster and accurate treatment decisions in wound care with applications involving patients with burns and diabetic foot ulcers.